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As Eternal names a new CEO, a look back at Zomato’s journey - The Economic Times

Economic Times

Economic Times · 1m ago

As Eternal names a new CEO, a look back at Zomato’s journey - The Economic Times

Eternal, parent company of Zomato and Blinkit, announced Deepinder Goyal's resignation as CEO, appointing Blinkit CEO Albinder Dhindsa as his successor. Founded in 2008, Zomato began as a restaurant menu and review platform before moving into food delivery. The company's 2021 IPO was driven by financial necessity amid FDI regulation changes. In 2024, Zomato acquired Blinkit, sparking controversy, before rebranding as Eternal in 2025, reflecting its evolution into a broader consumer internet business.

Related News

Deepinder Goyal resigns as Eternal CEO; company names Albinder Dhindsa as successor - The Economic Times

Economic Times

Economic Times · 1m ago

Deepinder Goyal resigns as Eternal CEO; company names Albinder Dhindsa as successor - The Economic Times

Deepinder Goyal, founder of Eternal, has resigned as CEO and will transition to vice-chairman, staying on the company's board. Albinder Dhindsa, founder and CEO of Blinkit, will assume the role of CEO effective February 1. Goyal cited a desire to pursue new high-risk ventures outside a public company. He will continue investing in and developing projects like LAT Aerospace and health-focused initiatives. Eternal reported significant profit and revenue growth recently.

No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times

Economic Times

Economic Times · 7m ago

No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times

Eternal CEO Deepinder Goyal isn't concerned about new entrants like Rapido entering the food delivery space, as he believes there's no current innovation posing an "obvious threat." Rapido plans to launch its food delivery app, Ownly, in Bengaluru, charging lower commissions compared to competitors like Zomato and Swiggy. Eternal is expanding with a new subsidiary, Blinkit Foods, while Swiggy introduces the ‘99 store’ amidst rising competition and slow demand in the food delivery segment.

AI could have halved Zomato’s 18-year journey: Deepinder Goyal in chat with OpenAI’s Sam Altman - The Economic Times

Economic Times

Economic Times · 12d ago

AI could have halved Zomato’s 18-year journey: Deepinder Goyal in chat with OpenAI’s Sam Altman - The Economic Times

Artificial intelligence is revolutionizing the startup landscape by significantly reducing development time, noted OpenAI's Sam Altman and Zomato founder Deepinder Goyal. At a recent ChatGPT event, Goyal suggested that AI could have cut Zomato’s 18-year journey in half. AI has become foundational, allowing startups to operate faster and cheaper. Goyal highlighted AI’s role in executing complex tasks and enhancing user onboarding, while Altman emphasized India's strong position in the evolving AI ecosystem.

What next for Deepinder Goyal? A look at his ventures beyond the Eternal universe - The Economic Times

Economic Times

Economic Times · 1m ago

What next for Deepinder Goyal? A look at his ventures beyond the Eternal universe - The Economic Times

Deepinder Goyal, founder of Eternal, parent of Zomato and Blinkit, stepped down as CEO, with Blinkit's Albinder Dhindsa succeeding him. Goyal is exploring high-risk entrepreneurial projects outside Eternal, such as health-focused Continue Research and deep-tech device Temple, which monitors brain blood flow. He's also a co-founder at LAT Aerospace, developing low-cost, short takeoff aircraft. Goyal's ventures reflect his interest in innovative solutions beyond traditional corporate structures.

Deepinder Goyal steps down as Eternal CEO: Read his full letter to shareholders - The Economic Times

Economic Times

Economic Times · 1m ago

Deepinder Goyal steps down as Eternal CEO: Read his full letter to shareholders - The Economic Times

Deepinder Goyal announced his resignation as group CEO of Eternal to become vice chairman of the board, subject to shareholder approval. He will pursue new high-risk ideas outside the company. Albinder Dhindsa, CEO of Blinkit, has been appointed as the new group CEO. Goyal will still influence Eternal's strategy and culture, while Dhindsa takes operational control. Goyal expressed confidence in the transition, aligning his incentives with Eternal's future success.

Deepinder Goyal publicly invites former employees to rejoin Zomato; says, 'I want you back'

IndianStartupNews

IndianStartupNews · 27d ago

Deepinder Goyal publicly invites former employees to rejoin Zomato; says, 'I want you back'

Zomato founder Deepinder Goyal has openly invited former employees to return to the company, emphasizing an open-door policy. He acknowledged past challenges at Zomato but expressed that both the individuals and the organization have matured. Goyal highlighted that over 400 people are currently working at Eternal, Zomato’s parent company, in their second or third stints. He reassured former staff that titles never mattered at Eternal and that he remains actively involved, inviting them to join the company’s next phase.

Zomato board approves renaming company to ‘Eternal’

Entrackr

Entrackr · 1y ago

Zomato board approves renaming company to ‘Eternal’

Zomato board approves renaming company to ‘Eternal’ Food tech major Zomato has received board approval to change its legal name from ‘Zomato Ltd’ to ‘Eternal Ltd.’ On February 6th, Zomato’s board approved a resolution to rename the company from ‘Zomato Limited’ to ‘Eternal Limited,’ according to a regulatory filing sourced from the National Stock Exchange. “When we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app. We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. Today, with Blinkit, I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd,” said Deepinder Goyal, founder and CEO of Zomato. Goyal added that the company’s corporate website will transition from zomato.com to eternal.com. Additionally, its stock ticker will change from ZOMATO to ETERNAL. As of now, Eternal will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure. The development comes weeks after Zomato’s quarterly results and a couple of months after its $1 billion fundraise via QIP. The Gurugram-based company’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25, compared to Rs 3,288 crore in Q3 FY24. However, its profit took a hit, slipping 57.2% YoY to Rs 59 crore during the period. Meanwhile, the company re-entered the 10–15 minute food delivery space and invested Rs 500 crore in its quick commerce subsidiary, Blinkit. Zomato also made history as the first new-age Indian tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in India’s benchmark index of the top 30 companies.

Zomato parent entity caps foreign ownership in company at 49.5%

YourStory

YourStory · 10m ago

Zomato parent entity caps foreign ownership in company at 49.5%

The board of Eternal, Zomato’s parent entity, approved capping foreign ownership at 49.5% to ensure more Indian investors and compliance with FDI rules that limit foreign control over inventory. This aligns with the government's desire to increase domestic stakes in startups. Zomato and Blinkit, also part of Eternal, aim to reduce foreign influence. The trend mirrors Zepto's strategy to boost domestic ownership ahead of its IPO amid rising IPO activities and favorable regulatory changes.

Eternal shares jump 7% on Q3 beat, leadership shift. What should investors do? - The Economic Times

Economic Times

Economic Times · 1m ago

Eternal shares jump 7% on Q3 beat, leadership shift. What should investors do? - The Economic Times

Eternal shares jumped 7.4% following a 73% year-on-year increase in net profit and a 201% revenue surge in Q3FY26. Founder Deepinder Goyal is transitioning to Vice Chairman, and Albinder Singh Dhindsa, Blinkit's CEO, will become the new CEO. Analysts maintain positive outlooks, citing growth momentum and margin expansion. While anticipating strong future growth, they note the leadership transition as a critical factor to monitor for potential execution impacts.

This is a change in title, not in commitment: Deepinder Goyal on stepping down as Eternal CEO - The Economic Times

Economic Times

Economic Times · 1m ago

This is a change in title, not in commitment: Deepinder Goyal on stepping down as Eternal CEO - The Economic Times

Deepinder Goyal is stepping down as CEO of Eternal, transitioning to vice chairman of the board, to focus on high-risk ventures outside the company's strategic scope. Albinder Dhindsa, former Blinkit CEO, will replace him. Goyal emphasized the change is in title, not commitment to Eternal. Praising Dhindsa, Goyal highlighted his execution skills. The decentralized business structure remains, with Blinkit as a key growth focus. Goyal will stay involved in strategy, culture, and governance.

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